How do board features and auditor characteristics shape key audit matters disclosures?Evidence from emerging economies

This study examines how corporate board features and auditor characteristics in Bangladesh influence the disclosure of key audit matters(KAM)in annual reports from 2018 to 2021.Using ordinary least squares(OLS)regressions,the study finds that factors such as chair gender,the presence of women on the board,audit committee(AC)size,auditor tenure,and client-auditor relationship significantly affect KAM disclosure.However,AC expertise,family CEO succession,and board political connections do not have significant effects.Notably,having a family member CEO with a long-tenured auditor has a negative association with KAM disclosure,while a politically connected family CEO has a positive association with such disclosures.Additionally,Big-4 auditors of important clients are negatively associated with KAM disclosure.

共享签字会计师影响关键审计事项披露吗?——基于审计风格视角

以2016—2020年中国A股上市公司为样本,通过对同一年份、同一行业以及同一事务所审计的公司进行两两配对,研究共享签字会计师对关键审计事项(KAM)披露的影响。研究发现,共享签字会计师的配对公司,其审计报告的KAM段有更高的文本相似度、事项相似度和更低的语调、可读性等差异。进一步的,共享的签字会计师是否来自国际四大对KAM相似度没有显著影响;但是当配对公司共享签字会计师的期限较长时,其KAM相似度显著更高。论文证实了审计师个人风格的存在性以及个体审计师在KAM披露决策方面的重要性。应当倡导和鼓励注册会计师在执业过程中充分运用职业判断,在KAM段沟通更多基于具体业务和经济情境的重要风险信息,促进投资者理性决策和资本市场健康发展。

Audit-firm serving experience heterogeneity and audit knowledge integration:Evidence from the disclosure of key audit matters

Audit practice is a team effort led by signing auditors.We examine the impact of the heterogeneity of signing auditors’audit-firm serving experiences on the disclosure of key audit matters(KAMs).Auditors with more heterogeneous serving experiences demonstrate more adequate KAM disclosure,as evidenced by more KAMs,longer texts and clearer attributions in their disclosures.This effect is influenced by the quality of audit knowledge that auditors accumulate from different serving experiences and the team-and audit-firm-level knowledge integration environment.Furthermore,signing auditors with more diverse service experience tend to improve audit quality,reduce the incidence of restatement or misconduct and enhance the informativeness of financial reports.Our findings enrich the KAM disclosure research and provide insights into audit firms’human resource allocation and internal management.

会计师事务所有基于关键审计事项的审计风格吗——基于中国上市公司披露新版审计报告的经验证据

本研究手动收集首次披露关键审计事项的中国上市公司2016-2018年新版审计报告中关键审计事项段的内容及文本信息,并计算得到其文本特征指标,建立配对样本,运用多元回归方法分析关键审计事项在披露内容和文本特征的相似度和可比性,探究我国会计师事务所在披露新版审计报告时是否表现出基于关键审计事项的审计风格。结果表明,同一年份行业内,被同一家会计师事务所审计的公司在披露事项类别文本相似度、披露详细程度、语调指标和可读性指标上都具有显著更大的相似性,因此在关键审计事项角度有独立的审计风格。本研究有利于理解关键审计事项向市场传递信息的机制和意义,以促进审计工作者通过关键审计事项段披露更决策有用的信息,提升资本市场有效性。

审计师性别对关键审计事项披露的影响——基于商誉减值关键审计事项的证据

以中国2017—2019年沪深A股上市公司为样本,研究发现在客户公司并购标的未达预期业绩时,女性审计师比男性审计师更有可能披露商誉减值关键审计事项。在控制了会计师事务所特征后仍发现审计师性别对关键审计事项的披露有显著影响。进一步研究表明,女性审计师性别对于关键审计事项披露的影响随着女审计师任期的增长而减弱。经过一系列稳健性检验,研究的结果仍然成立,说明审计师性别对确认商誉减值关键审计事项有着重大影响。

本地审计师影响关键审计事项披露吗?

研究基于审计准则改革背景,以2017-2021年A股上市公司为样本,从审计师与客户地缘关系视角,实证检验本地审计师对关键审计事项披露的影响。研究发现,相较于异地审计师,本地审计师会显著减少关键审计事项披露。进一步研究发现,本地审计师会显著减少账户层面和表格形式的关键审计事项披露,同时也会显著减少在关键审计事项中发表结论性评价,而关键审计事项的文本相似度会显著增加。拓展性分析发现,审计服务期限、审计市场竞争会加剧本地审计师减少关键审计事项披露;良好的地区法治环境会抑制本地审计师减少关键审计事项披露;当本地审计师披露较少的关键审计事项时,上市公司盈余管理程度显著提高。研究丰富了关键审计事项的影响因素研究,为进一步完善审计准则提供了有益参考。